Avoiding buyer’s remorse

American homeownership is about building the dream - wealth, family and a lifetime of memories.

But a recent survey showed nearly 3 in 5 of the youngest homeowners had some remorse about their buying experiences.

The NerdWallet survey found that 30 percent wished they had waited until they had more savings before they made the decision to buy, and 50 percent said they wished they’d taken a totally different approach to the process.

Alleviate buyer’s remorse ahead of time by doing a little research. Who you choose to work with is important. Make sure to come armed with a lot of questions, but also expect them to ask a lot of questions.

A real estate or lending professional that agrees with everything you say may not have your best interests at heart.

A trustworthy Loan Officer from Bay Equity Home Loans will go the extra mile to make sure his or her customers understand all aspects of a loan – before, during and after the transaction.

At Bay Equity, potential borrowers are more than just sales figures. The Bay Equity commitment to service is about building long-term relationships. Full transparency is the key to earning customers’ mortgage and refinancing business far into the future.

As housing prices continue to rise, prospective buyers may have a harder time saving for a 20 percent down payment.

That’s why Bay Equity offers a complete range of loan products.

Bay Equity has loan programs available with as little as 3.5 percent down — provided borrowers have strong income and attractive credit profiles. They’re not only there to makes sales, but to examine the possibilities.

Bay Equity Loan Officers will help you calculate housing costs, including taxes, principal, interest and insurance.

The monthly payment for all your debts generally should not exceed 36 percent of gross monthly income.

In Debt and Afraid

Unmarried couples sign “cohabitation agreements”

Falling for Niagara